What does it say about the state of AM when more than half of the construction permits for the FCC’s recently-held AM auction went unsold?
Assuming the bidders actually pay, the total take is expected to be $891,500 for 10 total permits.
Quianzon reminds readers this was a closed auction, open only to those who applied for permits in 2004. “After 10 years of waiting” with a near Depression-level economic crisis dominating much of the intervening period, some applicants may have lost their zeal, he notes.
By far, the most expensive winning bids were $409,000 each for a CP in Culver City, Calif. and a CP in Stony Point Town, N.Y. The smallest winning bid, $2,500, was for a CP in Bozeman, Mont.
Twelve permits had no bids, including CPs in Huntsville, Ala., Henderson, Nev. and Kuna, Idaho.
Auction 84 began May 6 and ended yesterday, according to the FCC. There were 17 qualified bidders and 34 rounds of bidding.